Handling ITR’s through Ignition
Sep 21
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Clarity Street
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Welcome to this weeks Clarity Calls session! For this topic, we dive deep into the intricacies of handling Income Tax Returns (ITRs) through Ignition.
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What You Will Learn in This Session
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The process flow of ITR season: Preparing and lodging ITRs can be a complex and time-consuming process, particularly during tax season. This session aims to provide you with a comprehensive understanding of the typical process flow during ITR season. From gathering necessary information to filing the returns and explore each step in detail, ensuring you feel confident and well-equipped to handle this task.
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What comes first, job in XPM or proposal in Ignition: One of the crucial questions when dealing with ITRs is understanding which comes first, creating a job in XPM (Practice Management software) or submitting a proposal in Ignition.
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Handling “pre work” queries before the proposal is accepted: Before a proposal is accepted, it is common to encounter queries and requests for additional information from clients. These "pre work" queries can significantly impact the efficiency of your operation if not handled effectively.
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Billing and Invoicing Perspective: Sometimes, a job may be created in XPM first, leading to potential challenges in billing and invoicing. Ignition provides a variety of billing options that are designed to help businesses manage their invoicing and payment processing more effectively.
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Handling "out of Scope" Service: Dealing with "out of scope" services can pose a significant challenge when it comes to billing. In this session, we discuss how to handle these services using upfront and on completion billing types. Discover effective strategies to manage and invoice these additional services, providing transparency to your clients while maintaining profitability.
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Please see a recording of the session below.
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